Any financial report released after 4pm on a Friday is always a...

Any financial report released after 4pm on a Friday is always a deliberate attempt to avoid "unnecessary attention". Always.

Slipping it out under the cover of darkness.... happens to suit my favourite past time of opening a bottle of red and playing Cluedo....to see if I can solve the mystery of what little nasties are being hidden.

And what might they be hiding? Well, looks to me like the total cost of assets at Syama now exceed $1 billion. Actually, my apologies, I have made a minor rounding error...it now rounds to $1.1 billion. Just a piddly little $320 million of expenditure this year alone.....but let's not get bogged down in the detail. "Nothing to see here....move along."

Clearly, some top quality mining has been undertaken during the year....unfortunately by the company of the shareholders it would appear...rather than of the gold in the ground. Anyone else see a problem in the table below? Nope, nothing to see here either....move along. The 2,397,672 must be a typo...and surely the 4,586,564 must be in Mexican pesos. Although, one can only pause and wonder what it might have been in a good year....


Glad to see the performance remuneration is in line with shareholder returns.....not quite $4.6 million in total for a disaster at Syama, a nothing at Ravenswood, and the purchase of Mako that saved the day. Well, I should say saved the day in relative terms anyway.

I'm looking forward to the spectacular returns on our $1.1 billion investment in Syama. I always wondered what a billion dollars looked like. Hmmmm. on further inspection it looks a bit like a hole in the ground to me.

Cheers

Rosco